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Iceland Banks

The Banks' Bonus Culture: "Have You Left No Sense of decency?"

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Now that the banks have been stabilized (to some degree) as a result of massive public intervention, the very individuals who have nearly destroyed the country are ready to dance again.

Iceland's Pyrrhic Victory

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While Icelanders have been endlessly debating IceSave, our unemployment rate has continued to climb, the number of insolvencies has continued to increase, and public services have continued to decrease.

WikiLeaks Teams Up With Icelandic MPs To Create a Press Haven

Alda Sigmundsdottir | Posted 05.25.2011 | Media
Alda Sigmundsdottir

Simply put, the new law would make Iceland into a press haven in the way that the Cayman Islands and other offshore sites are havens for tax evaders.

Moral Hazard in Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

What is especially disheartening in Iceland is that, not only did the bankers retain their compensation; they continue to draw salaries in their new positions of authority in the new banks and in the government.

California's Lessons for Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

It's incumbent upon the Icelandic media and political establishment to educate the public on the reasons for and against Icesave. If we're serious about fighting for political reform and transparency that our country needs, here's a good place to start.

Iceland's President Is No Hero

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While legislators were hammering out a deal that would keep Iceland from being labeled a pariah state by the IMF and ratings agencies, President Ragnar was protecting his oligarch friends.

No More Secrets From the Icelandic People

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The Icelandic people will, for the first time, directly exercise the nation's sovereign power in a referendum in March to approve or reject the proposed settlement of the IceSave dispute.

Iceland Faces New Crisis After Bill To Repay Britain Is Vetoed

Posted 05.25.2011 | World

LONDON (AP) -- A diplomatic deep freeze set in Wednesday between Britain and Iceland, a day after the Icelandic president blocked the repayment of a $...

Iceland's President Is Still No Hero

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

I believe that none of the Icelandic political parties are actually standing up for the average Icelandic person.

"Happy" Anniversary, Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This has been a very rough year for Iceland, and it's not likely to get better anytime soon. The public's anger continues to grow, and it would not be surprising if this winter sees a repeat of last winter's uprising.

Iceland's Independent People: It's Time to Clean House

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Any doubts as to whether Iceland's elite has declared war on its people were dispelled this weekend.

Iceland EU Bid Effort Intensifies Under Economic Pressure

TIME | Posted 05.25.2011 | World

The people of Iceland are known for their resilient, go-it-alone character. It is the result of a forbidding geography: endowed with a rugged terrain ...

How Iceland's Lawyers Enabled Fraud

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The lack of clear ethical rules and the frontier justice mentality in Iceland continues to cause confusion and raise questions about the legal profession's ability to regulate itself in Iceland.

Iceland Must Renegotiate

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

What we need now is for our government to stand up for us the way the British and Dutch governments have stood up for their citizens, and to reach an arrangement that is equitable for all.

Iceland Independence Day: We Worship Our God (Mammon) And Die

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Today on Iceland's Independence Day the national anthem has been a real tear jerker for me, evoking in me a sadness and heartache that my brain usually reserves for funerals.

Europe's Biggest Financial Swindle Since World War II

Iris Erlingsdottir | Posted 11.14.2011 | World
Iris Erlingsdottir

Ever since the Icelandic economy came crashing down with the country's bank cabal, our politicians have failed to grasp the enormity of these catastrophic events.

Special Prosecutor of Iceland Bank Crash: "The Idea Most People Have of Banking Has No Basis In Reality"

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

"Perhaps things weren't illegal, but when do you cross the line from a framework of standard marketing practices and into bribery?"

Iceland's First Left Majority Government: Plus Ça Change...

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Johanna and her partners have an incredibly difficult task ahead of them. However, forcing a quick referendum on EU membership should not be the cornerstone of our rebuilding effort.

Iceland Elections: The Revolution Is In (The House)

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

For a party that has no money and has existed as a political force for less than two months, the outcome of the Icelandic election is nothing less than miraculous.

Elections in Iceland: The Revolutionary Fire is Down to Dying Embers

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Unfortunately, in Iceland, as elsewhere, we're numbed by the continuous stream of bad economic news and appear in danger of forgetting what we were fighting for.

Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

Iceland's Irreplaceable Geniuses

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While Icelandic taxpayers continue to endure anguish and injustice, and foot the bill, scoundrels laugh all the way to the bank -- in Tortola.

"I'm Sorry You're So Stupid:" Head of Iceland's Central Bank Refuses to Step Down

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

According to the Financial Times, this dispute is further damaging Iceland's standing in the eyes of foreign investors, and may endanger the IMF's plans for saving Iceland's economy.

It's Official: Iceland Has World's First Openly Gay PM

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This is a milestone and another significant step towards the goal of judging our leaders on their abilities and their character, rather than on superficial distinctions.

Icelandic Minister, Johanna Sigurdardottir, Would Be World's First Gay PM

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This represents the first time that a gay leader has assumed the reins of a modern state -- and in a time of crisis.